BEFORE You Buy: How to Know Your Market (and Property) Will Make it In 2023 w/Dave Meyer

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 22 July 2023

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

Is your market worth buying in? With the economy on shaky footing, now ISN’T the time to guess. And once you find your investing area, how do you ensure your rental property will profit? Even in 2023, when cash flow is low, and home prices are high, it doesn’t take long to determine whether a rental is worth your money (or time). And, if you’re still trying to get your FIRST real estate deal, odds are you’re probably spending HOURS finding deals and crunching numbers. So let’s speed up the process. In this webinar bonus, Dave Meyer, BiggerPockets VP of Data and Analytics and On the Market host, will walk through EXACTLY how to analyze a rental property in minutes, the tools he uses to calculate cash flow, cash on cash return, and more, and how to know whether or not a real estate market is worth investing in. With mortgage rates rising and affordability at historic lows, Dave was STILL able to find a property that produced positive cash flow. So, if Dave can find a deal like this, why can’t you? Stick around to learn how to calculate rental property profits in MINUTES and which markets are worth the money. Ready to invest? Sign up for BiggerPockets Pro and use code “DEALANALYSIS” for 20% off an annual membership! In This Episode We Cover: How to analyze a real estate deal in any market, even if you have NO experience The 2023 housing market and whether or not now is the right time to invest Running a live deal analysis with the BiggerPockets Rental Property Calculator Picking your real estate market and signs of one you should invest in The EASIEST way to analyze deals and grow your rental portfolio faster And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Dave’s BiggerPockets Profile Dave’s Instagram Rental Property Calculator On the Market Podcast How to analyze a rental property Book Mentioned in the Show Real Estate by Numbers by Dave Meyer Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-q3-1 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pockets Real Estate Podcast.
0:03.0	And I'm your host, David Green.
0:05.0	What's up everyone?
0:06.0	Welcome to the biggest, the best, the baddest real estate podcast on the planet.
0:09.0	So glad to have you.
0:10.0	We've got a special episode for you today.
0:13.0	Today's show will be Dave Meyer giving a presentation on real estate in 2023,
0:18.0	what you need to know about macrofactors, microfactors,
0:21.0	and actually analyzing the specific properties.
0:24.0	This information is crucial if you want to make good investing decisions
0:27.0	in a competitive market that is changing faster than ever.
0:30.0	And Dave is a numbers guy.
0:32.0	I'm a numbers guy.
0:33.0	I like talking about the numbers.
0:34.0	And today's show you're going to get to hear about those numbers too.
0:37.0	A lot of people make the mistake of looking only at the specific property.
0:40.0	They finally lead.
0:41.0	They run the numbers.
0:42.0	They try to determine if it's going to have a good cash on cash return
0:45.0	and they make their decision only on that data.
0:47.0	But smart real estate investors look at more than just the specific deal.
0:50.0	We do look at it, but we look at more.
	...

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